For some private tech firms, it’s back to 2016
The so-called funding winter may be over for reasonably established, revenue-generating software, AI and biotech firms as valuations drop from giddy heights.
One of Australia’s most successful venture capital investors says the industry has stepped back to 2016 when working out private technology company valuations – but that’s a good thing after inflated prices warped the market.
OneVentures managing director and founding partner Michelle Deaker says valuations at start-ups have stopped falling dramatically in 2024, and returned to a healthy level for investors, after peaking during 2021 when interest rates were around zero.
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